Receivables Purchase Agreement definition

Receivables Purchase Agreement means the receivables purchase agreement, dated as of the Closing Date, between AHFC and the Seller, as amended or supplemented from time to time.

Receivables Purchase Agreement means the Receivables Purchase Agreement, dated as of the Closing Date, between World Omni, as depositor and World Omni Auto Receivables LLC, as purchaser, as amended from time to time.

Receivables Purchase Agreement means that certain Receivables Purchase Agreement, dated as of August 16, 2022, between TMCC, as Seller, and TAFR LLC, as Purchaser of the Receivables.

Examples of Receivables Purchase Agreement in a sentence

• Therefore, there is a risk that a court may re-characterise the sale of Lease Receivables under the Receivables Purchase Agreement as a secured loan.

• Reliance on Warranties If the Purchased Lease Receivables should partially or totally fail to conform, at the Closing Date, with the warranties given by VWL in the Receivables Purchase Agreement and such failure materially and adversely affects the interests of the Issuer or the Noteholders, VWL shall have until the end of the Monthly Period which includes the 60th day (or, if VWL elects, an earlier date) after the date that VWL became aware or was notified of such failure to cure or correct such failure.

• Risk of Re-characterisation of the Transaction as Loan Secured by Purchased Lease Receivables The sale of the Purchased Lease Receivables under the Receivables Purchase Agreement has been structured to qualify as a true sale from VWL to the Issuer.

• Such Account Schedule is incorporated into and made part of this Supplemental Conveyance, shall be Schedule 1 to this Supplemental Conveyance and shall supplement Schedule 1 to the Receivables Purchase Agreement.

• The Purchased Lease Receivables acquired and transferred by assignment under any Receivables Purchase Agreement from VWL generally have characteristics that demonstrate capacity to produce funds to service payments due and payable on the Notes, however, VWL does not warrant the solvency (credit standing) of the relevant Lessees.

More Definitions of Receivables Purchase Agreement

Receivables Purchase Agreement means that certain Receivables Purchase Agreement, dated as of August 16, 2022, between the Seller and TMCC.

Receivables Purchase Agreement means the Receivables Purchase Agreement dated as of August 28, 1997 by and between NMC, as seller, and the Transferor, as purchaser, as such agreement may be amended, modified or supplemented and in effect from time to time.

Receivables Purchase Agreement means the Receivables Purchase Agreement, dated as of April 1, 2024, between the Seller and the Depositor, and all amendments thereof and supplements thereto.

Receivables Purchase Agreement means the Receivables Purchase Agreement, dated as of the Cutoff Date, between the Sponsor and the Depositor.

Receivables Purchase Agreement means each of (i) the Receivables Purchase Agreement, dated as of the Closing Date, between BMW Financial Services NA, LLC, as Seller, and BMW FS Securities LLC and (ii) the Receivables Purchase Agreement, dated as of the Closing Date, between BMW Bank of North America, as Seller, and BMW FS Securities LLC.

Receivables Purchase Agreement means the Receivables Purchase Agreement, dated as of September 1, 2016, between the Seller and the Purchaser.

Receivables Purchase Agreement means the Receivables Purchase Agreement, dated as of September 1, 2002, by and between the Bank, as seller, and the Depositor, as purchaser.